The Sensex and the Nifty today fell more than one percent in the afternoon trade. Domestic stock indices declined amid negative cues from global share markets. The Sensex at Bombay Stock Exchange was trading below 56,600 points while the Nifty at National Stock Exchange was trading below the 17,000 mark.
The Sensex plunged 635 points, or 1.11 percent to trade at 56,562 while the Nifty was down 213 points, or 1.24 percent, to trade at 16,959.
In the forex market, the rupee also weakened nine paise against the US dollar. The domestic currency was trading at 67 rupees and 57 paise against dollar when reports last came in.